Hate to be the one to tell you that when a company simply changes names all the liabilities and assets go along with it.
How could you not know that ?
And you still think that the $18 million plus wasn't derived from something like stock sales ?
PERIOD ENDING 31-Dec-02 31-Dec-01 31-Dec-00
Total Revenue - - -
Cost of Revenue - - -
Gross Profit - - -
Operating Expenses
Research Development - - -
Selling General and Administrative 556 311 18,178
Non Recurring - - -
Others - - -
Total Operating Expenses - - -
Operating Income or Loss (556) (311) (18,178)
Income from Continuing Operations
Total Other Income/Expenses Net - - -
Earnings Before Interest And Taxes (556) (311) (18,178)
Interest Expense - - -
Income Before Tax (556) (311) (18,178)
Income Tax Expense - - -
Minority Interest - - -
Net Income From Continuing Ops (556) (311) (18,178)
Non-recurring Events
Discontinued Operations - - -
Extraordinary Items - - -
Effect Of Accounting Changes - - -
Other Items - - -
Net Income (556) (311) (18,178)
Preferred Stock And Other Adjustments - - -
Net Income Applicable To Common Shares ($556) ($311) ($18,178)
Me think$ the Canadian Government think$ otherwi$e !